Call before the sale closes
Contact a Qualified Intermediary before the relinquished-property sale closes. Do not receive or control the sale proceeds.
Call 888-747-1031 if the closing is close. Tell the team the date and time of the expected closing.
How late is too late?
The exchange agreement and applicable documents must exist before the property transfer. The funds structure must also exist before the taxpayer receives the proceeds.
The team must review the actual transfer and funds facts. A signed contract does not give enough information by itself.
Do not wait for a website reply when the closing will occur soon. Call the team and contact your tax and legal advisors.
Send these available items
- The signed sale contract and all amendments.
- The preliminary title report.
- The expected closing date and time.
- The draft settlement statement, if available.
- The escrow or title contact.
- The taxpayer name and ownership entity.
- The replacement-property plan, if known.
- The tax advisor and attorney contacts.
Do not do these actions
- Do not receive the sale proceeds.
- Do not send proceeds to a personal or business account.
- Do not sign changed funds instructions without review.
- Do not assume that escrow is the Qualified Intermediary.
- Do not rely only on a website message for an urgent closing.
The immediate review sequence
- Call the exchange team.
- Give the closing date and escrow contact.
- Send the available contract and title records.
- Let your advisors review the proposed exchange.
- Sign the approved exchange documents before the transfer.
Frequently asked questions
Can I start on the closing day?
Call immediately. The team must review the transfer time, document status, and funds instructions before it can give a process answer.
Can escrow hold the proceeds until I find a Qualified Intermediary?
Do not assume that this sequence protects the exchange. The team and your advisors must review the facts before closing.
Must I select replacement property now?
No. A delayed exchange can start before replacement-property selection. The written identification period starts after the relinquished-property transfer.
What if the sale already closed?
Call the exchange team, tax advisor, and attorney. They must review who received or controlled the funds and what documents existed.
Contact the team now
Call 888-747-1031. Give the closing date first.
This page gives general information. It does not give tax, legal, escrow, accounting, or financial advice.